The Nigerian government says it is engaging Chevron on the need to develop the deep offshore exploration in the oil sector. Senator Heineken Lokpobiri the Minister of State for Petroleum Resources (Oli) stated this during a meeting with officials of the company.
According to him “with a focus on opportunities for increased investment, particularly in the deep offshore exploration arena, which holds substantial untapped potential, I had a productive meeting with the delegation from Chevron on the sideline of #AEW2024, discussing ways to strengthen Chevron’s engagement and investments in Nigeria’s oil sector.
“I emphasized that Nigeria remains a prime investment destination for energy companies, driven by favorable policies and a supportive operational framework. We have implemented significant reforms, backed by the Presidential Orders, which create a more conducive and efficient environment for international players in the oil and gas sector.
“Chevron’s continued commitment and expansion in Nigeria would not only bolster the nation’s energy security but also further our economic development goals. I encouraged Chevron, and by extension other investors, to seize the unique opportunities presented by these reforms, positioning themselves strategically within one of Africa’s most dynamic energy markets.”